(Click "Load Data," which will enter your personal account information if you have a PERA PIN/User ID and Password. Please note-the results displayed are based on the unaudited information reported to Colorado PERA by your employer. Records will be audited prior to a formal calculation by Colorado PERA when you apply for a purchase, benefit, or a refund/rollover. If you do not have a PERA PIN/User ID and Password, you may find it helpful to refer to your latest PERA Annual Member Statement for some of the requested information.)

Use this calculator to estimate the cost to purchase service credit based on employment not covered by Colorado PERA or to determine the amount of service credit you can afford to buy. If you are an active Colorado PERA member, you may purchase service credit based on verifiable private or public employment during which salary was earned and was not covered by Colorado PERA in either the PERA or DPS benefit structures, or another retirement program. Social Security coverage and military pension coverage do not disqualify you from purchasing service credit for the employment period. Service credit purchased will be subject to the benefit provisions associated with your current period of membership.

The cost to purchase service is the actuarial cost of providing the future benefit resulting from the purchase and is calculated using your Highest Average Salary and your age. The actuarial cost is determined by your age on the date you provide Colorado PERA with a completed Service Credit Purchase Application and all supporting documentation upon which a Service Credit Purchase Agreement is issued. If an agreement for this time is issued on a later date, Colorado PERA will use your age as of this later date.

For more information on specific rules please view the Purchasing Service Credit booklet.

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Purchase Payment Information

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Purchasing Service Credit Definitions

Purchase Date

The date you provide Colorado PERA with a completed Service Credit Purchase Application and all supporting documentation.

Monthly Highest Average Salary (HAS)

If you are a member in the PERA benefit structure or in the DPS benefit structure, but were not eligible to retire on January 1, 2011, HAS is one-twelfth of the average of the highest annual salaries on which contributions were paid that are associated with three periods of 12 consecutive months of service credit. An annual limit of 8% or 15% applies to the salary increases.

If you are a member in the DPS benefit structure and were eligible to retire on January 1, 2011, HAS is the average monthly salary of the 36 months of earned service having the highest salaries. You can click the "Help me calculate my HAS" link to calculate this value.

Number of months to be purchased OR Amount of money to be spent on the purchase

Enter the number of months to be purchased or the amount of money to be spent, but not both. You may purchase as little as a partial month of service credit and up to the maximum amount of service you have verified and are eligible to purchase.

Purchase Payment Information

Payment for purchases may be made in a lump sum, monthly installments, or a combination of the two. If you want to pay one lump sum, enter "1" for the number of installments. Otherwise, enter the number of monthly installment payments you wish to make, as well as any down payment that will be applied. Installments may be made over a period equal to twice the number of months being purchased, up to a maximum of 120 months. Note: Any down payment will be your first installment.

Highest Average Salary Calculation

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